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The leading political-economy-of-trade models are virtually silent on two fundamental questions raised by Rodrik in 1995. Why are trade policies systematically biased against trade? And why are tariffs rather than more efficient production subsidies adopted to redistribute income? This paper...
Persistent link: https://www.econbiz.de/10005321686
Theoretical voting models predict convergence of two parties' trade policy platforms. In contrast, real-world observations reveal substantial differences in the platforms of competing parties. This paper modifies the standard probabilistic voting model in a way that allows for divergence of...
Persistent link: https://www.econbiz.de/10005341490
This paper fully specifies the political and economic markets in which trade policies are formulated and lobbying efforts are determined. In the political market, the winner of a two-candidate race chooses policies, and both candidates have incomplete information about the nonpolicy biases of...
Persistent link: https://www.econbiz.de/10005695145